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Cable Update (GBPUSD)

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  • Post #647,361
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  • Jan 6, 2022 8:37am Jan 6, 2022 8:37am
  •  Robinhood1
  • Joined Dec 2011 | Status: Guardian Angel | 7,294 Posts
I find a zig zag pattern sustained by 2 basically straight lines and coming down to break the retracement a reversal. not sure if it works all the time. My 2 cents
cable could form one

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Guardian Angel
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  • Post #647,362
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  • Jan 6, 2022 8:45am Jan 6, 2022 8:45am
  •  Robinhood1
  • Joined Dec 2011 | Status: Guardian Angel | 7,294 Posts
Quoting Robinhood1
Disliked
I find a zig zag pattern sustained by 2 basically straight lines and coming down to break the retracement a reversal. not sure if it works all the time. My 2 cents cable could form one {image}
Ignored
here we have another one which matches with the 8418 high on gannīs wheel that i stated a few times being 8429 the definite price

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Guardian Angel
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  • Post #647,363
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  • Jan 6, 2022 8:45am Jan 6, 2022 8:45am
  •  Nd10
  • Joined Mar 2019 | Status: Member | 1,223 Posts
Quoting Georginson
Disliked
{quote} March most likely...
Ignored
95 or 97 soon
 
1
  • Post #647,364
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  • Jan 6, 2022 8:50am Jan 6, 2022 8:50am
  •  kuroro001
  • Joined Jul 2007 | Status: Member | 17,468 Posts
Quoting Georginson
Disliked
{quote} March most likely...
Ignored
Then big drop before rising again

Possible to see a drop as per COT, but the longer we stay here, the worst it is, as the Money has time to change their position here
COT: The precious data ignored
 
2
  • Post #647,365
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  • Jan 6, 2022 8:51am Jan 6, 2022 8:51am
  •  kuroro001
  • Joined Jul 2007 | Status: Member | 17,468 Posts
My worst fear is a big yen rise coming soon (usdjpy below 100 again), dragging a risk off event

Watch out
COT: The precious data ignored
 
3
  • Post #647,366
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  • Jan 6, 2022 8:53am Jan 6, 2022 8:53am
  •  Headland
  • Joined Apr 2020 | Status: trading | 3,502 Posts
...double top in the making on dly? Depends on close of today's dly candle whether the 3599 hi will become a 3 candle fractal swing hi, confirming a double top with 3607 from Nov last year.

* wkly downtrend still intact.
* dly/4hr uptrends still intact.
* 1hr has printed a 1st LL @ current dly lo and what might be a 2nd LH @ 3546 with close of this current 1hr candle in a few mins, so not the most convincing downtrend yet on that t/f.

1hr below.
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Intraday (mainly) swing scalper via Supp/Res & Pa etc.
 
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  • Post #647,367
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  • Jan 6, 2022 8:58am Jan 6, 2022 8:58am
  •  Magnetism89
  • | Joined Aug 2021 | Status: Junior Member | 1 Post
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I'm overall bearish on cable since we're at the Premium PD Array but had to capitalise on this move up targeting the last up candle on Intermediate Term Swing High since there was some price imbalance coupled with unmitigated Order block and I personally see that as Liquidity Inducement. So all in all I expect the price to fill the imbalance before it declines....
 
1
  • Post #647,368
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  • Jan 6, 2022 9:10am Jan 6, 2022 9:10am
  •  stjoeforex
  • Joined Apr 2020 | Status: Member | 222 Posts
Good morning everyone! Ready for another day of trading! It's too cold to go outside, so I'm staying in today...
My Future is so Bright I gotta wear Shades! https://www.youtube.com/watch?v
 
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  • Post #647,369
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  • Jan 6, 2022 9:16am Jan 6, 2022 9:16am
  •  stjoeforex
  • Joined Apr 2020 | Status: Member | 222 Posts
Currently have a buy at 1.35399 with a
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125 pip goal. Let's see how far it will go...
My Future is so Bright I gotta wear Shades! https://www.youtube.com/watch?v
 
2
  • Post #647,370
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  • Jan 6, 2022 9:34am Jan 6, 2022 9:34am
  •  trumps
  • Joined Mar 2020 | Status: Member | 2,259 Posts
Quoting Robinhood1
Disliked
{quote} Why dont you diplay one of your mt4 charts showing your positions and we will spot the diference between your level of threat and mine?
Ignored
2 things.

1.That won't answer the question.
2. You don't show your lot size, so we have no idea of your level of threat.

Do you really think an algo is moving the entire market for a particular pair, just to target you?
That seems more like paranoia to be honest.
Good Vibes - In charts we trust
Pulchra All Time Return: -88.4%
 
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  • Post #647,371
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  • Jan 6, 2022 9:46am Jan 6, 2022 9:46am
  •  Mr.Burger
  • Joined Jul 2021 | Status: 2022 target achieved! | 1,036 Posts
Quoting Mr.Burger
Disliked
{quote} lol 18 size calculations for my invalidation level ( -11 pips, -2.5% Risk ) {image} edit : add image {image} ok I take it! who knows
Ignored
snapping price, closed all my positions
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Daddy, Brother, Lover, Little Boy
 
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  • Post #647,372
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  • Jan 6, 2022 9:46am Jan 6, 2022 9:46am
  •  Robinhood1
  • Joined Dec 2011 | Status: Guardian Angel | 7,294 Posts
Quoting trumps
Disliked
{quote} 2 things. 1.That won't answer the question. 2. You don't show your lot size, so we have no idea of your level of threat. Do you really think an algo is moving the entire market for a particular pair, just to target you? That seems more like paranoia to be honest.
Ignored
I explained how i think the markets operate. You beleive your own. Where do you want to get to? Some people will consider it and some will not. If i was in control of the market would not bother about buying power but efectiveness. You know the story about David & Goliath? It is my own experience and untill you donīt boost your account constantly (6 weeks is at FF) you do not know what i am talking about. You will then get like 50 nicks bulling you, 2 or 3 top speciallistas who have built a fake reputation asisted by their corporation plus another 30 that just happen to be there and call you a clown amongst other things. So i think you should move on as we disagree
Guardian Angel
Two Clocks All Time Return: -16.3%
 
 
  • Post #647,373
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  • Jan 6, 2022 9:47am Jan 6, 2022 9:47am
  •  giveachance
  • Joined Jun 2013 | Status: Trader by hobby not by profession | 5,925 Posts
if services PMI concurs with ADP we may have a massive US dollar selloff in days to come. NFP is tomorrow but historically NFP is not that good in opening months of the year. GBP is looking bullish and one more rate hike seems to be getting factored in now
 
1
  • Post #647,374
  • Quote
  • Jan 6, 2022 9:47am Jan 6, 2022 9:47am
  •  mysterio
  • Joined Sep 2009 | Status: Member | 4,823 Posts
Quoting mysterio
Disliked
{quote} didnt connect the way i wanted but managed properly, took good partial and rest to BE on last trade stubbornly selling again partial already taken and if it pushes up again may sell in the same zone {image}
Ignored
missed the buy but theres always the sell!

Pivot/asia highs/RN confluence
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  • Post #647,375
  • Quote
  • Jan 6, 2022 9:48am Jan 6, 2022 9:48am
  •  giveachance
  • Joined Jun 2013 | Status: Trader by hobby not by profession | 5,925 Posts
Quoting Robinhood1
Disliked
{quote} I explained how i think the markets operate. You beleive your own. Where do you want to get to? Some people will consider it and some will not. If i was in control of the market would not bother about buying power but efectiveness. You know the story about David & Goliath? It is my own experience and untill you donīt boost your account constantly (6 weeks is at FF) you do not know what i am talking about. You will then get like 50 nicks bulling you, 2 or 3 top speciallistas who have built a fake reputation asisted by their corporation plus...
Ignored
this forum has everyone. gamblers, experts, traders, investors and contrarians
 
3
  • Post #647,376
  • Quote
  • Jan 6, 2022 9:51am Jan 6, 2022 9:51am
  •  giveachance
  • Joined Jun 2013 | Status: Trader by hobby not by profession | 5,925 Posts
Quoting mysterio
Disliked
{quote} missed the buy but theres always the sell! Pivot/asia highs/RN confluence {image}
Ignored
dont sell till NFP. if data is good put pending sell stops because dollar wont stop after that. if data is bad though GBP can hit 1.37/1.38 as well
 
 
  • Post #647,377
  • Quote
  • Jan 6, 2022 9:53am Jan 6, 2022 9:53am
  •  Headland
  • Joined Apr 2020 | Status: trading | 3,502 Posts
...reached 61.8% of the 3599-3490 fall/DP @ the current p/back hi and just popped it's nose above the then current dly hi - probably collected a few tight stops and then down again lol!

1hr below
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Intraday (mainly) swing scalper via Supp/Res & Pa etc.
 
2
  • Post #647,378
  • Quote
  • Jan 6, 2022 9:57am Jan 6, 2022 9:57am
  •  SirMcPip
  • Joined Apr 2009 | Status: Member | 1,482 Posts
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  • Post #647,379
  • Quote
  • Jan 6, 2022 9:57am Jan 6, 2022 9:57am
  •  knkie
  • Joined Apr 2012 | Status: Member | 5,648 Posts
Quoting giveachance
Disliked
{quote} this forum has everyone. gamblers, experts, traders, investors and contrarians
Ignored
you forgot:
Paranoid Narcissists & Conspiracy Theorists
in wondering about yourself, you forgot what you came here to be part of
 
1
  • Post #647,380
  • Quote
  • Jan 6, 2022 9:58am Jan 6, 2022 9:58am
  •  kuroro001
  • Joined Jul 2007 | Status: Member | 17,468 Posts
Intraday is still bearish so far

Ideally above 3560 and look for short

Buying GBPUSD below 3460 would be interesting
COT: The precious data ignored
 
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